Rationale and achievements

Opportunity to acquire a stabilized food anchored retail asset located in a strong retail area north of Dijon. Excellent access off the LINO (Dijon north ring road) a new road completed in 2013, which is expected to keep increasing the footfall of the asset.

The rents in-place are under the national averages and effort ratios are sustainable in this property which offers a strong cash-on-cash yield.

The possible opening of a complementary retail project adjacent to the asset in 2022 will further enhance the attractiveness of the area and strengthened the position of our asset.

  • Location Fontaine-lès-Dijon
  • Type Retail
  • Surface 17,200 sqm
  • Acquisition date July 2017
  • Main tenants Casino, Feu Vert, Optic 2000, Nocibe
  • Client Helaba Invest (Madeleine Fund)
  • Status On-going